Ince & Co advises UASC on new order
Ince & Co Middle East LLP (Dubai Branch) recently advised United Arab Shipping Company (UASC) in the preparation and negotiation of bespoke shipbuilding contracts and related documentation in United Arab Shipping Company’s largest ever newbuilding order.
The order is for ten containerships, along with option agreements for seven further vessels, with Hyundai Heavy Industries in Korea.
The construction of the five 18,000 twenty-foot-equivalent units (TEU) (with one option) and 14,000 TEU (with six options) will be amongst the largest and most environmentally friendly containerships ever built. The first scheduled delivery date is at the end of 2014.
Ince & Co’s shipping partner Peter Measures said: “We were delighted to have been able to assist UASC successfully with this order. The order, historically the largest for UASC, constitutes a major commitment to the container trade by UASC and its shareholder Governments.
“The advanced and innovative technology in the vessels’ design needed to be reflected in the contractual documentation, which consequently contained some entirely original concepts and brought with it some unique challenges.”
UASC is a global shipping company based in the Middle East. Founded in 1976, UASC is present in more than 75 countries around the world. The company is a major container shipping player in the Middle East region and adjacent markets, covering more than 200 ports and destinations worldwide.
UASC offers containerised, conventional and temperature controlled cargo transportation, and value added services to a diversified global client base, covering the Middle East, Europe, Mediterranean, Indian subcontinent, the Far East, Australia, west Africa and the Americas.
Upon delivery of the above vessels, UASC will become one of the largest container line companies in the world.
Ince & Co's Measures, together with associate Pavlo Samothrakis, led the team that also consisted of Amaka Edomobi and Anna Zeitlin.
New partner for Ince & Co
Ince & Co has appointed shipping, energy and offshore specialist Rania Tadros as its new partner in its Dubai office.
Tadros, who moves from the firm’s London office, is a fluent Arabic speaker and has extensive commercial transactional, arbitration and litigation experience within the shipping and energy and offshore markets, including handling matters for clients in the offshore support and oilfield services sector.
Tadros has acted on a number of shipping disputes and casualties in the Middle East, in particular relating to the Suez Canal and surrounding regions. She also has in-depth experience of construction disputes and claims, mainly relating to refund guarantees.
“Rania offers great experience and market knowledge to our clients,” said Graham Crane, managing partner of Ince & Co’s Dubai office. “Her wide-ranging practice, understanding of the region and appreciation for the local business environment together with her fluency in Arabic, makes her a valuable addition to our team of partners. We are excited to welcome Rania to Dubai.”
“I have many personal and professional connections to the Middle East so this is an exciting opportunity for me,” said Tadros. “I have worked and travelled throughout the region extensively over the past few years, and look forward to working closely with clients in the region as well as settling down in the UAE with my family.”
Tadros qualified with an LLB from Kings College London in 1997 and has been with Ince & Co since completion of her training contract in 2000. In Dubai, she will continue to focus on contentious and non-contentious shipping and energy and offshore matters for clients with global interests.